/KASE, January 3, 2024/ – Development Bank of Kazakhstan JSC (Astana),
whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has
provided KASE with the following press release dated December 25, 2023:
quote
Development Bank of Kazakhstan JSC (a subsidiary of "Baiterek" NMH JSC)
together with Nurbank JSC and Bank CenterCredit JSC have signed a tripartite
agreement of intent to provide financing within the framework of a syndicated
loan for "RG Brands Kazakhstan" LLP. The financing will be directed towards
acquiring high-tech production lines, expanding the production workshop to
increase the company's production and sales, as well as expanding product
exports to a new promising market – the Republic of Uzbekistan.
The Chairman of the Management Board of DBK Marat Yelibayev, the Chairman
of the Management Board of Nurbank JSC Gulnara Musataeva, and the
Managing Director of Bank CenterCredit JSC Marat Karibzhanov signed the
agreement.
The total financing amount is 30.4 billion tenge, of which 16.4 billion tenge is
for expanding production capacities, and 14 billion tenge is for pre-export
financing.
As a result of expanding production capacities, as they are put into operation,
the volume of juice-containing and tea beverages, as well as carbonated and
non- carbonated drinks, will nearly double.
unquote
The complete press release is available on –
https://kase.kz/files/emitters/BRKZ/brkz_relizs_291223.pdf
[2024-01-03]